Cantey Tech, an IT managed services provider backed by private equity firm LNC Partners, has acquired Network Computing Group (NCG) for an undisclosed sum.
The deal is part of Cantey’s broader acquisition strategy and will provide additional service capabilities to NCG’s clients, particularly in security and project management, the company said.
This is technology M&A deal number 133 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
About The Deal
Cantey Tech, founded in 2007, is based in Charleston, South Carolina. The company has 76 employees listed on LinkedIn. Cantey’s areas of expertise include IT support, managed services, virtualization, networking, PC support, cloud, hosted services, Microsoft 365, Meraki, Cisco, Dell, Microsoft and Apple.
Network Computing Group, founded in 1994, is based in Roanoke, Virginia. The company has 12 employees listed on LinkedIn. NCG’s areas of expertise include IT support, managed IT solutions, and business continuity.
“From the beginning, we knew this was a good cultural fit and we are excited to work with the remarkable team at NCG,” said Willis Cantey, CEO, Cantey Tech. “We are committed to taking great care of NCG clients and employees with our integrated team approach.”
“I wanted to make sure that I found a partner would take care of those clients and our people,” said Mark Bowles, founder and president, NCG. “We made the right choice with Cantey Tech.”
Cantey’s Private Equity Backer
Private equity firm LNC Partners backed the company in July 2021. That investment was earmarked to help Cantey Tech pursue acquisitions.
Since then, Cantey has made a handful of acquisitions, including Palindrome Consulting in November 2022.
